Housing Market Update: Inventory Just Went Up For Home Buyers

[@chelseaj9286]

I live in Utah. I have seen more homes for sale, but they are still so over priced. I started actually going to houses last Monday and even if I put an offer in, I just get outbid. It's depressing. So we are not going to rush and just wait.

[@niccolea2086]

I’d say Zellow didn’t calculate part of this growth rate do to the rise of RENTALS as a being a factor. Ppl would rather own, than rent if mortgages are cheaper than renting. I can speak to this personally but now the cost of homes in Cali are ridiculous too, so ppl like me feel stuck. Rents too high and can’t afford to buy either. My loan amount is estimated at $300k, and in cali that will buy you a real shithole dump in a really bad neighborhood. The American dream is quickly slipping away for a lot of ppl.

[@rachelray1675]

THAT PART!!!👏🏾👏🏾👏🏾👏🏾

[@majorcutz4733]

It’s encouraging to continue- We are 0 for 4 so far but getting closer. We were among the top few for our last attempt. It will come soon. Thanks for all your content!

[@lemkewisconsin]

Lower interest rates don’t mean much if you pay 50k/100k/etc., more than the house is worth. The inflation right now is out of control (in most places). Appraisal processes are so out of whack, just contributing more to the problem...

[@kreteman7779]

Who determines what the house is worth? You? Or the market? Seems to me that the market has spoken.

[@jamalben76]

You are right

[@goldenj1981]

Put in a offer today. Home listed at $284,900 offered $292,000 praying and keeping my fingers crossed in the Dallas metro area.

[@r987p]

Gl! Dallas is a tough area right now.

[@koukimonzta]

Lifting the Moratorium is heaven for those who can afford

[@fromthevalley6775]

Just wait if you’re not in a hurry. Homes are still way over-priced.

[@ISILENTNINJAI]

I agree. Dont wait on a crash cuz it might not happen but a pre covid levels market is likely.

[@GovtWatchdog]

...and save your money because you’ll need to outbid those holding out for price drops.

[@Homesteadhappyhour]

You changed the set up! ✅

[@sammijofranklin1955]

I will continue to wait!!!

[@charlesb8]

Every house I've looked into has been out bid by $20,000 or more than listing price. These houses are not worth it.

[@katdeluxy9608]

So true.

[@kreteman7779]

Not worth it to who?

[@nutritioncoachjo]

Most likely not worth it for people who don’t want to pay way over list price. I agree with Charles B. This market has been artificially inflated for too long. Time for an adjustment.

[@charlesb8]

@@kreteman7779 I was going to explain, but than I realize you probably have no soul. You keep putting lipstick on the pig.

[@jamalben76]

What do you think should I buy now since interested rates are great or wait till the market turns to the favorite of the buyer

[@Luis-bs4sk]

Great video! Am looking to purchase a home possibly around March 2022. Is it likelier home prices are decreasing by then or continue to rise slowly(hopefully)by then?

[@biz4smitty]

Great news! Wonderful Information, thank you!!!

[@NicoleNark]

Thanks for watching! 😊

[@biz4smitty]

@@NicoleNark It was my pleasure Nicole!

[@RicosBettaWorld]

I would like to point out that eventually $15.00 minimum wage will insure home prices will continue too rise. When salaries go up so will the price of homes and goods.

[@RicosBettaWorld]

Currently under contract in the Florida panhandle.

[@4674cool]

Hi Nicole, you are Awesome!! I have been watching all your videos, they are very useful. I live in California and I'm in contract for a house as a first time home buyer. Do I get a water quality & water leak survey inspections by the City!

[@NicoleNark]

Thanks for watching! 😊 All cities differ on what they offer so if you are interested, I would advise you call the city you are buying in to see if they can provide you with that information!

[@4674cool]

@@NicoleNark Thank you 😊

[@spoonyg2005]

I would disagree with some of your commentary. You said houses are selling just as fast now as they did in March and April. That is not what I see. Here in Indianapolis the houses were pending in 1 to 3 days in the spring. Now, only the most attractive house here in Indianapolis are selling in about 4 to 7 days. The rest are sitting for 2 or 3 weeks. For the most part, I think those crazy above asking price offers are over with here in Indianapolis. Most of the current buyers seem to be smarter and more cautious than the spring buyers. I think buying right now is risky unless you get a really good deal.

[@NicoleNark]

Some markets are starting to cool down and I think Arkansas will here soon. I spoke primarily to the national trends in the video, but am happy to hear about your market!

[@r987p]

My area is a wreck... prices are so high idk what I'm seeing anymore, everything is up 30-50%...

[@Broknwings1919]

I live in miami we really want to move up north but not sure if it what happen… I just wish there was more help for people really want to buy a home …I’m scared if we wait next year prices of the houses might be higher

[@concernedgreatly5291]

Nicole its enough for me to be hopeful but not sure if I want to start looking/bidding again. Too stressful.

[@NicoleNark]

I completely understand that feeling!

[@jaymorr2414]

Looking to wait another 3 months toward the end of the year.

[@GovtWatchdog]

A decline in the number of mortgages applications for a month like June is certainly worthy of attention.

[@mojo14520]

Another video with great information, thank you for sharing with us. I'm still holding off, I'd like a house but at this point I feel like I would be buying due to irrational thinking and a fear of missing out. I have no real estate experience, but i'd like to eventually own multiple properties so this is just kinda me thinking the housing market is similar to stock market in the sense that people love to buy when prices are high i.e. FOMO buying. I'm going to stick to my gut feeling that there will be some kind of market correction and we'll see pricing go down. But with agencies like BlackRock buying properties, who knows.... im just speculating, would love to hear your thoughts Nicole as well as any civilized comments from other viewers

[@NicoleNark]

I say stick with your gut! Home prices will go up and down. At the end of the day all you can do is prepare yourself financially for your goals and go after them when the time is right!

[@iftekeruddin7116]

Does that mean price will also go down or stay the same ?

[@NicoleNark]

Great question! Right now, prices are still on the rise but as more inventory comes to the market, it is likely that we will see home prices rise at slower levels.

[@niccolea2086]

@@NicoleNark well as they continue to rise, whether faster or slower, ppl are watching the dream of owning slipping further away and trapped in high rental units.

[@tino503]

Thanks for sharing. Love your content

[@NicoleNark]

Thanks for watching! 😊

[@remona901]

I'll wait till next year...

[@niccolea2086]

I haven’t given up yet but it’s very depressing. I’m afraid if I just wait, homes will cost more and interest rates will be higher. Maybe less or no bidding wars but other than that, it appears the costs may rise so high, I’ll never be able to buy. This is a horrible experience for ppl like me.

[@charlesb8]

House of cards.

[@Fingamyaz]

if you've waited this long to buy a house. just keep waiting unless you can not wait.

[@SonnyLando]

it has felt that there more houses. lets see for how long

[@NicoleNark]

I would love to see buyers catch some relief!

[@dorisrentrope1660]

My rent went from $900 to $1400 a month I'm low income with poor credit. Wish I can own a home. I worry I'm going to be homeless. Housing programs seem impossible to get an application. Seems impossible to get a mortgage . So scarry for me. Worried about homelessness. How do I improve my credit with little income? How do I pay such high rent? I pray God helps me through all this worry.

[@joeyork9891]

We should be allowed to use 401k funds with deferred taxes

[@ISILENTNINJAI]

If you are using it to buy a home i think you might be able to do a transfer and avoid the penalty or taxes. Dont quote me on it tho, I think I saw a realtor talk about it on KZbin. So it might be false.

[@joeyork9891]

@@ISILENTNINJAI Unfortunately no. You can only take up to 50,000 loan And if you withdraw money it's 10% penalty. plus state federal and local taxes

[@NicoleNark]

I suggest you look into it a little more! Here is an article to get you started! www.investopedia.com/ask/answers/081815/can-i-take-my-401k-buy-house.asp

[@edwinvonborstel3405]

Here's my two cents from California I think that anytime is a good time to buy as long as you plan to hold and what I mean hold hold long 10 to 15 years I buy properties that need work so as soon as I purchase them I have equity I keep them fix them up and read them the common term b r r applies

[@NicoleNark]

YES! I am a huge believer in the BRRR 🙌 There are still many deals to be had if you use that strategy!

[@beans526]

Continuing to wait until maybe end of next year. I already see the housing market in Central Fl cooling down because junky homes are going for insane prices. We the people don't want them. Lol

[@Broknwings1919]

That’s were we want to move but I think we might have to wait little longer

[@beans526]

@@Broknwings1919 Just wait it out because now I'm seeing homes in the nicer areas like Winter Park, FL going for a more reasonable price.

[@jasonkinch4510]

Real-estate has always and still is cyclical. We are at or very near the top in home prices for the latest cycle. Home prices will drop just as fast or faster than they went up, likely in the fall/New Year and will likely bottom out in 2-3 years.

[@kreteman7779]

Lol! Damn! If that's the case you should be a billionaire when all is said and done. You know, because you're a psychic.

[@truckerninja.]

Still haven’t bought yet trying to save a little more money first and pay off a car

[@CorieScott]

I tried to buy a New home but my Contract was Canceled by Lennar and they kept my 3% deposit. Builders and taking people money and selling homes to investors not ordinary people. Thats why a lot of buyers are not buying homes.

[@leticialanderos5268]

I have the same problem i gave a 3% deposit and they cancel me and kept my deposit i am puting a small claim i will fight for my money that is just not right...

[@CorieScott]

@@leticialanderos5268 keep me informed. I need to fight for my money as well but don’t know how I should do it???

[@carasomebody6477]

Ty

[@Broknwings1919]

We have to wait to buy a house :(

[@seanjustinification]

All of the "growth" reports seem to be coming from sources that have a vested interest in Real Estate profitability.

[@acjohn6995]

I'm looking at buying my first cheap place, and I find that rents are higher than a mortgage, I think a lot of people are making the jump once they see the great mortgage rates out there, inventory seems low in my area in KS and nice places go very fast.

[@TBoss3313]

But your still paying more than the house is worth. Hold and wait!!!

[@acjohn6995]

@@TBoss3313 I think govt will backstop everything and prevent any sort of crash in housing/equities. So many Americans have their wealth held in houses and stocks, govt will continue with rent and mortgage forbearance, they will continue to buy mortgage bonds, they are even buying stocks. I think home prices will remain steady or very slightly decline over the next few years, but if you can get a low rate in a cheap place (I can get a decent starter home for 100k), it's still worth it because rents around here start at 600 for a 1br.

[@akumaar]

I will not buy now even With 20% deposit ready. REASONS: - Will get less house for high price - New house will not be ready for atleast 6 Months. - Moving costs. - High price for adjustments or compromise with what builder has to offer. - If prices come down I can get more house for the money. - Generate Income by reinvesting the 20% DP till prices come down.

[@Elsanta666]

You are soo beautiful 🥰

[@curtisjackson2920]

Nicole is SuperSexy & This is a Good Video…🤓❤️‍🔥🏡🙏🏿

[@theorigin1891]

Everybody is real estate expert on youtube..yet youtube was irrelevent during last crash... Sorry young lady.. Im a seasoned real estate proffesionals..each market is very different ... The news will tell you socal real estate is scorching hot ..but i can show you zip codes where property is sitting .. Put on your seatbelt for was coming...its gonna be the mother of all storms

[@orlandovargas6069]

Im seeing here in chicago property coming back on the market being under contract for less a month,price drops and longer property being on the market...im speaking about some zip codes around the chicagoland area

[@NicoleNark]

I am a seasoned real estate broker with plenty of knowledge and experience. If you watched the video, you would know that I am speaking about the trends on a national level not individual markets. I completely respect that you may have a different opinion than I when it comes to the future of the real estate market but please do not try and undermine me because of my appearance.

[@theorigin1891]

@@NicoleNark were you license active agent during last crash? Im not undermining... Thank you for reading analysis to us...some much good they did last crash ...